3940 7th Ave
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3940 7th Ave #106

D

San Diego, CA 92103

$984,900
NEW — 1d

Soft Appraisal Value: $969,900 · 1.5% above estimate

Beds

2

Baths

2

Sqft

1,417

Year Built

1997

Days on Market

1

Property Type

Condo

HOA/mo

$564

MLS ID

260009522SD

This property is in San Diego (92103). View neighborhood stats →

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About This Property

Rarely available two-story loft in Cable Lofts, one of San Diego’s most iconic industrial communities designed by Jonathan Segal. Originally converted in 1997 from a Pacific Bell switching station, this 2 bed, 2 bath corner residence blends authentic character with modern livability. Featuring soaring 18-foot ceilings, polished concrete floors, exposed red brick, and striking concrete beams, the open-concept layout is filled with natural light from expansive dual-pane windows on two sides, offering bright north and west exposure with refreshing cross ventilation. Currently configured as a one-bedroom, it can easily be converted back to a two-bedroom with a bedroom and full bath on each level. A Juliette balcony and private outdoor space enhance indoor-outdoor flow, while the home also includes two assigned parking spaces (one garage, one exterior), EV charger capability, and a large private secured storage cabinet. Enjoy low HOA fees and access to a beautifully maintained private park with mature trees, grassy areas, and unique art installations. With a Walk Score of 96, you’re just steps from top-rated restaurants, shopping, entertainment, and public transportation—offering the ultimate urban lifestyle in the heart of Hillcrest.

Mortgage Calculator

Est. Monthly Payment

$6,816

Principal & Interest$4,980
Property Tax$985
Insurance$287
HOA$564
%($196,980)
%

Location

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Investment Score

19D
Est. Monthly Rent
$4,530
Monthly Cashflow

Rent − PITIA

$-2,286
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,149

Mortgage (P+I)
$4,980
Cap Rate
1.01%
Cash-on-Cash
-25.27%
DSCR

Need ≥ 1.25 for DSCR loan

0.66
Break-even Rent
$9,918

NOI (Annual)
$9,977
Price-to-Rent

Lower = better for investors

18.1

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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